by Prem Raja | Sep 24, 2023 | EU, EUR, FX, GDP, USD
Sterling weakness has been the main theme of September so far, and last week we saw these moves accelerated after the Bank of England decided to keep interest rates on hold and going against market expectations. Inflation has been cooling slightly (For now), however,...
by Prem Raja | Sep 17, 2023 | EU, EUR, FX, GBP, GDP, USD
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in...
by Prem Raja | Sep 10, 2023 | EU, EUR, FX, GDP, USD
According to many analysts, the end of August marked a turning point for the Pound- with the first 2 quarters of this year pretty much fuelled by Sterling strength, it seems that is now changing with the U.S Dollar now catching a bid again across the board. The reason...
by Prem Raja | Aug 13, 2023 | Brexit, EU, EUR, FX, GBP, USD
After positive UK GDP data, the Pound traded a little higher on Friday after a relatively disappointing performance over the week- the data showed that the UK economy has in fact still grown a little through this current cost of living crisis- for those of you in the...
by Prem Raja | Aug 6, 2023 | EU, EUR, FX, GBP, GDP, USD
Last week the main event was the BoE interest rate hike, where the Central Bank raised interest rates by 25bps- but kept the stance of more hikes COULD happen if inflation were to go higher again, and that rates will stay high for at least a couple of years before any...
